Costs that the manager has the power to determine or significantly affect are called:
A. Indirect costs.
B. Joint costs.
C. Direct costs.
D. Uncontrollable costs.
E. Controllable costs.
Answer: E
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If hours worked grew 1.5 percent last year and labor productivity grew 2.2 percent, then by how much did output grow over the year?
A. ?0.7 percent B. 0.7 percent C. 3.7 percent D. 4.3 percent
On the statement of cash flows, a $7,500 gain on the sale of fixed assets would be
a. added to net income in converting the net income reported on the income statement to cash flows fromoperating activities b. deducted from net income in converting the net income reported on the income statement to cash flows fromoperating activities c. added to dividends declared in converting the dividends declared to the cash flows from financing activitiesrelated to dividends d. deducted from dividends declared in converting the dividends declared to the cash flows from financingactivities related to dividends
A codicil is a(n):
A. creditor's claim against the estate. B. amendment to a will. C. automatic revocation of a will. D. written document that lists future health care decisions for incapacitated individuals.
A company with a current ratio of 1.0 is considered more liquid than one with a current ratio of 2.0
Indicate whether the statement is true or false